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The Agricultural Development Corporation Ordinance, 1961 (East Pakistan Ordinance)

( Ordinance NO. XXXVII OF 1961 )

Chapter VIII

FINANCE

Corporation Fund
44. (1) There shall be a fund to be known as the “Corporation Fund” vested in the Corporation which shall be utilised by the Corporation to meet charges in connection with its functions under this Ordinance, inclu┬¼ding the payment of salaries and other remunerations to the Chairman, Directors, officers, advisers and servants of the Corporation.
 
 
 
 
(2) The Corporation Fund shall consist of,¬-
 
 
 
 
(a) grants made by the Government;
 
 
 
 
(b) loans obtained from the Government;
 
 
 
 
(c) grants made by local authorities;
 
 
 
 
(d) sale proceeds of bonds issued under the authority of the Government;
 
 
(e) loans obtained by the Corporation with the special or general sanction of the Government;
 
 
 
 
(f) foreign aid and loans obtained with the previous sanction of the 1[Government];
 
 
 
 
(g) all fees, including development fees, received by the Corporation; and
 
 
 
 
(h) all other sums received by the Corporation.

  • 1
    The word “Government” was substituted for the words “Central Government” by section 12 of the Agricultural Development Corporation (Amendment) Ordinance, 1975 (Ordinance No. XL of 1975)
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